Startup Dictionary
Intellectual Property (IP)
Definition
A category of property that includes intangible creations of the human intellect.
Deep Dive
Intellectual Property (IP) refers to a category of property that includes intangible creations of the human intellect. It provides creators with exclusive rights over their inventions, literary and artistic works, designs, symbols, names, and images used in commerce, allowing them to control and benefit from their creations for a certain period.
Examples & Use Cases
- 1A patented new drug formula
- 2A copyrighted software program
- 3A company's trademarked logo and brand name
Related Terms
PatentCopyrightTrademarkTrade Secret